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Cover -- Half Title -- Dedication -- Title Page -- Copyright Page -- Table of Contents -- List of Contributors -- Preface -- Part I: Growth Patterns and Structural Features -- 1 Italy's First Phase of Postwar Development: The Role of Aggregate Demand -- Comment -- 2 The Italian Economy after the Bretton Woods Era (1971-2001) -- 3 The Italian Labour Market and Production System: Structural Features and Main Developments -- Comment -- Part II: Aspects of a Dual Economy -- 4 Old and New Dualisms in the Italian Labour Market -- Comment -- 5 Development Policies in the Italian Mezzogiorno: Lessons from the Past -- 6 Rethinking Development Policies in Italy -- 7 Evolution of Production Structure in the Italian Regions -- Comment -- Part III: Corporate Governance and Industrial Organization -- 8 Continuity and Change in Italian Corporate Governance: The Institutional Stability of One Variety of Capitalism -- 9 Production Outsourcing in Italian Manufacturing Industry -- Comment -- 10 Italian Districts in the International Economy -- Comment -- 11 Banking System and the Dualistic Development of the Italian Economy -- Comment -- Part IV: Social Institutions and Networks -- 12 The Fiscal Decentralization and the Autonomy of the Local Government -- Comment -- 13 The Italian Third Sector: An Overview at the Beginning of the Century -- Comment -- 14 The Family and Social Networks in the Socio-Economic Development of Italy -- Comment -- 15 The Italian Welfare System Between the European Unification and the Globalization Processes: A Suggested Interpretation -- Comment -- Index.

Highlights the theory of competition advanced by da Empoli in the late 1920s. The main point is the existence of discontinuities in industrial concerns. This leads to the possibility that prices exceed marginal costs and depend also on ultramarginal costs, a new concept elaborated by da Empoli. They are costs that are incurred when the firm is producing beyond the marginal production. Also reviews the various implications of this approach. Stresses the innovative character of his approach and evaluates this in relation to contemporary and successive literature.

This collection offers a stimulating and insightful overview of the main issues affecting long-term economic growth. The novelty of this book is that it brings together two strands of economic literature, growth and development theories. The communication between different approaches is crucial as it is increasingly understood that growth hinges upon institutional and policy aspects that are generally neglected in the stylized models of growth but highly relevant for developing countries. Government policies and institution design become central to the explanation of divergent growth paths.

National and international governments aim to promote the responsible management of the natural capital but measuring its contribution to economic growth is still a challenging exercise. The natural capital supports a plurality of environmental functions whereas the economic growth is frequently measured by aggregated indicators. In this paper, we propose an extended version of the Genuine Saving macro indicator to account for water and soil depletion. Further, as natural capital is spatially heterogeneous we estimate Genuine Saving for Italy for the period 2000–2015 at the regional level. Whilst the case study produces specific results for Italy the methodological framework is broadly applicable to other states. The Italian comparison shows that soil and water provide an absolute change of roughly 1% of the GS but average relative regional variations are between 5 and 33% of GDP, showing that the geographical scale of sustainability analysis is a crucial element for responsible management of national assets. The methodological contribution suggests that the Genuine Saving can support policy makers in developing targeted policies for sustainable growth.

First published online: 17 August 2019 ; National and international governments aim to promote the responsible management of the natural capital but measuring its contribution to economic growth is still a challenging exercise. The natural capital supports a plurality of environmental functions whereas the economic growth is frequently measured by aggregated indicators. In this paper, we propose an extended version of the Genuine Saving macro indicator to account for water and soil depletion. Further, as natural capital is spatially heterogeneous we estimate Genuine Saving for Italy for the period 2000–2015 at the regional level. Whilst the case study produces specific results for Italy the methodological framework is broadly applicable to other states. The Italian comparison shows that soil and water provide an absolute change of roughly 1% of the GS but average relative regional variations are between 5 and 33% of GDP, showing that the geographical scale of sustainability analysis is a crucial element for responsible management of national assets. The methodological contribution suggests that the Genuine Saving can support policy makers in developing targeted policies for sustainable growth.